Accounting / Finance Manager at Workforce Group

⏲ Jan 25, 2025, 3:43 PM
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Workforce Group is a top business and HR consulting firm in Nigeria, offering advisory, outsourcing, recruitment and assessment, learning and development, market entry and technology services and solutions. Our reputation for excellence in service was built from over a decade of providing business and human resource consulting across several states in Nigeria.

We are recruiting to fill the position below:

Job Title: Accounting / Finance Manager

Location: Victoria Island, Lagos
Employment Type: Full-time
Reports To: Head Chef / Managing Director

Job Description

We are seeking a skilled and experienced Accounting/Finance Manager. This role is critical in overseeing all financial activities to ensure the financial health of the organization.
The ideal candidate will excel in developing financial strategies, managing budgeting and forecasting, implementing internal controls, ensuring regulatory compliance, and delivering accurate financial reports to support decision-making.
Candidates must possess strong analytical skills, deep knowledge of Nigerian tax laws, and proven experience in the hospitality or restaurant industry.

Responsibilities
Financial Accounting & Reporting:

Oversee daily accounting operations, including accounts payable, accounts receivable, general ledger, and bank reconciliations.
Ensure accuracy and integrity of financial data across all restaurant outlets.
Maintain the chart of accounts, ensuring proper classification of revenue, expenses, and assets.

Cost Management & Analysis:

Oversee cost controls and inventory management processes across all restaurant outlets.
Analyze cost structures (e.g., food, labor, overhead) and recommend cost-reduction strategies.
Provide pricing strategy insights to optimize margins while maintaining competitiveness.

Payroll Administration:

Supervise payroll preparation and ensure accurate wage, benefit, and deduction calculations.
Ensure compliance with labor laws and statutory requirements related to employee compensation.

Team Leadership & Development:

Lead, mentor, and develop the finance and accounting team, fostering a culture of learning and improvement.
Set performance targets and conduct regular performance reviews.

Budgeting & Forecasting:

Collaborate with management to prepare annual budgets and periodic forecasts for each restaurant location.
Monitor performance against budgets, provide variance analysis, and recommend corrective actions.

Cash Flow & Liquidity Management:

Manage cash flow to ensure adequate liquidity for operational needs and capital expenditures.
Review and authorize payments to suppliers, vendors, and third parties per approval processes.
Maintain relationships with banks and financial institutions for financing needs.

Internal Controls & Compliance

Design and implement internal control procedures to safeguard assets and minimize financial risk.
Ensure compliance with Nigerian tax laws (VAT, WHT, CIT, PAYE) and file all returns accurately and on time.
Coordinate with external auditors and tax consultants, providing necessary financial documentation.

Qualifications

Bachelor’s degree in Accounting, Finance, or a related field.
Professional certification (ICAN, ACCA, ACA, etc.) is required.
Proficiency in accounting software (e.g., Odoo or other ERP systems) and advanced knowledge of MS Excel.
Excellent analytical, problem-solving, and organizational skills.
Strong leadership, communication, and interpersonal skills for cross-department collaboration.
High integrity and dependability with a results-oriented mindset.
Minimum of 5 years of experience in finance/accounting, with at least 2 years in a managerial or supervisory capacity.
Proven experience in the hospitality or restaurant industry is a MUST.
Strong knowledge of Nigerian tax laws, IFRS, and regulatory compliance.

Key Competencies: